S&P upgrades TransUnion

S&P said it raised its corporate credit rating on TransUnion to BB from BB-. The outlook is positive.

At the same time, S&P raised its issue-level rating on TransUnion's senior secured credit facilities to BB from BB-. The recovery rating remains 3, indicating an expectation for meaningful (50%-70%; rounded estimate 60%) recovery in the event of a payment default.

“Our upgrade of TransUnion reflects the firm's ongoing progress in reducing leverage and growing EBITDA since its IPO in June 2015,” said S&P credit analyst James Thomas in a news release.

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